Stericycle Inc (SRCL) Shares Sold by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp decreased its position in shares of Stericycle Inc (NASDAQ:SRCL) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,325 shares of the business services provider’s stock after selling 2,415 shares during the period. Stericycle accounts for approximately 1.7% of Noesis Capital Mangement Corp’s portfolio, making the stock its 29th biggest holding. Noesis Capital Mangement Corp’s holdings in Stericycle were worth $4,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nationwide Fund Advisors grew its stake in shares of Stericycle by 16.7% in the 3rd quarter. Nationwide Fund Advisors now owns 73,527 shares of the business services provider’s stock valued at $5,266,000 after purchasing an additional 10,500 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Stericycle in the 3rd quarter valued at approximately $479,000. Gamco Investors INC. ET AL grew its stake in shares of Stericycle by 45.5% in the 3rd quarter. Gamco Investors INC. ET AL now owns 12,157 shares of the business services provider’s stock valued at $871,000 after purchasing an additional 3,800 shares during the last quarter. Swiss National Bank grew its stake in shares of Stericycle by 1.3% in the 3rd quarter. Swiss National Bank now owns 314,000 shares of the business services provider’s stock valued at $22,489,000 after purchasing an additional 4,100 shares during the last quarter. Finally, HL Financial Services LLC grew its stake in shares of Stericycle by 34.4% in the 3rd quarter. HL Financial Services LLC now owns 7,610 shares of the business services provider’s stock valued at $545,000 after purchasing an additional 1,949 shares during the last quarter. 94.24% of the stock is currently owned by institutional investors.

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Stericycle Inc (SRCL) traded up $0.59 during trading on Wednesday, hitting $65.21. The company had a trading volume of 44,431 shares, compared to its average volume of 1,067,745. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.84 and a current ratio of 0.84. Stericycle Inc has a 12-month low of $58.53 and a 12-month high of $88.00. The stock has a market capitalization of $5,549.26, a P/E ratio of 248.55, a PEG ratio of 1.47 and a beta of 0.42.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.14). Stericycle had a net margin of 1.18% and a return on equity of 13.83%. The business had revenue of $887.80 million during the quarter, compared to analysts’ expectations of $882.62 million. During the same quarter last year, the firm earned $1.00 earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. research analysts expect that Stericycle Inc will post 4.58 EPS for the current fiscal year.

Several research analysts have weighed in on SRCL shares. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price on shares of Stericycle in a research note on Thursday, December 28th. Robert W. Baird upgraded Stericycle from an “underperform” rating to a “neutral” rating and set a $73.00 price target on the stock in a research note on Tuesday, February 13th. BMO Capital Markets restated a “hold” rating and issued a $72.00 price target on shares of Stericycle in a research note on Wednesday, January 24th. Oppenheimer restated a “hold” rating on shares of Stericycle in a research note on Wednesday, December 13th. Finally, Jefferies Group set a $83.00 price target on Stericycle and gave the company a “buy” rating in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Stericycle presently has an average rating of “Hold” and an average target price of $70.67.

In other news, Director Jack W. Schuler bought 10,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were bought at an average cost of $62.59 per share, for a total transaction of $625,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by insiders.

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Stericycle Company Profile

Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.

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